BTCUSD: And even more bad news for bears!

12 cze 2021

Hello my friends!

It was the largest percentage increase of shorts ever. Btw I would never short BTC after a 50/60% move down. The risk reward is way too high.

You all know for example from gamestop what a short squeese can do and how the price bounces. In the last two weeks, the shorts have risen by about 2300%. For comparison, at the last strong drop in march 2020, the increase was only 300%. So for me, this means that a large number of shorts will be closed. When the price was at 60k, the shorts were down. Now at 35k, a lot of people are getting in. Not understandable for me. I estimate for most shorts the stop areas will be at around 40/42k. Therefore I expect a pump to liquidating the shorts. And the smart money might get some $ soon. Lets see.


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Let's see what happens.
Happy trading. :-)

BTCINVESTING


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My 2. Post "Another bad news for bears!" Jun 7, 2021

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My 1. Post "Bad news for bears!" May 31, 2021

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My Post Apr 18, 2021

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My Post Nov 19, 2020

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My Post Apr 15, 2019 (2 year ago!). I was one of the first btw. ;-)

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13 cze 2021

Uwaga

maybe a nice breakout. lets see if its strong enough.

21 cze 2021

Uwaga

Updated chart: Look what is actually happening. The shorts dropped by over 80% in 4 days.

26 lip 2021

Uwaga

$ 111,000,000 of shorts liquidated in 10 minutes, yesterday.